JPMorgan Enters an Infamous Short-Volatility Market With ETN

With worries over US trade policy roiling Wall Street, JPMorgan Chase & Co. is repackaging a well-known strategy that would profit if the turbulence subsided.

The Inverse VIX Short-Term Futures ETNs, ticker VYLD, provides exposure to an index shorting futures tied to Wall Street’s fear gauge, known as the CBOE Volatility Index or VIX.